What Is a Heat Pump Cost Estimator?
A heat pump cost estimator is a tool that provides a budget-level estimate for the full installation of a new heat pump system. The final cost depends on the unit's capacity (size), its efficiency rating, and local labor rates. This free calculator helps you plan your investment and compare quotes from contractors, giving you a clear idea of the potential cost for this energy-efficient upgrade.
Last updated: November 8, 2025
How to Use This Estimator
Our free estimator provides an instant budget range in a few simple steps:
- Enter Your Home Size: Input your home's total square footage to help determine the required system size.
- Enter the Unit Size: Input the capacity of the unit in Tons (or kW for metric users). This is the most important factor.
- Enter the SEER2 Rating: Input the efficiency rating of the unit you are considering.
- Click "Estimate Cost": Get a budget range for a professional installation of a new heat pump.
Key Cost Factors Explained
The total price for a new heat pump system depends on several key variables. Our calculator uses these factors to provide its estimate.
- Unit Size (Tonnage): The primary driver of cost. Larger homes require more powerful (and more expensive) units. The correct size is determined by a Manual J load calculation, not just square footage.
- SEER2 Rating: A higher efficiency rating means a higher upfront cost, but it results in lower monthly electricity bills over the unit's lifespan.
- Labor and Materials: Professional installation costs, which include labor, refrigerant lines, electrical work, and removal of the old unit, can make up 40-60% of the total project price.
A high-efficiency heat pump can reduce your electricity use for heating by approximately 50% compared to electric resistance heating such as furnaces and baseboard heaters, according to the Department of Energy.
Example Heat Pump Cost Calculation
Here is a typical scenario for a mid-sized home in a moderate climate.
| Input | Example Value |
|---|---|
| Home Size | 2,000 sq ft |
| Unit Size | 3 Tons |
| SEER2 Rating | 16 |
| Estimated Installed Cost | $6,800 - $10,200 |